Vietnam’s rice export turnover up 10.5 percent in Q1

Update: 16:45 | 15/04/2022

Vietnam exported 1.14 million tonnes of rice worth 715 million USD in the first quarter of 2022, up 24 percent in volume and 10.5 percent in value year-on-year, according to the Ministry of Agriculture and Rural Development.

The traditional markets of the Vietnamese food crop such as the Philippines, Malaysia and China still recorded stable growth in the period.

Vietnam, rice export turnover, year-on-year increase, traditional markets, Vietnamese food crop, stable growth, free trade agreements, Vietnam Food Association

Vietnam exported 1.14 million tonnes of rice worth 715 million USD in the first quarter of 2022.

According to the ministry, the food demand in the world is forecast to continue increasing, with many signals showing that businesses can make good use of opportunities from the markets as well as free trade agreements (FTA) to help boost Vietnam's export.

The Vietnam Food Association (VFA) reported that the export price of Vietnamese rice on April 13 was the top among the large major rice exporting countries.

In the last quarter, Vietnamese businesses mainly delivered rice to the Philippines under contracts signed last year, but many signs show that the demand is positive.

Since the European Union – Vietnam Free Trade Agreement (EVFTA) came into effect, the export price of Vietnamese rice to the EU has increased by 10 - 20 USD/tonne. According to the EU statistical office Eurostat, among the supplies for the bloc, rice from Vietnam saw the highest price with an increase of more than 20 percent.

Vietnamese rice exporters are advised to pay attention to improving the quality of rice in order to maintain a competitive advantage in thi EU market.

Rice market analyst Nguyen Dinh Bich said that the price of rice increased due to the impact of the Russia-Ukraine tension. In the world market, prices of agricultural products such as corn, wheat, and soybean have also increased sharply.

The VFA forecast that the rice export in the second quarter will be more stable as importing countries are stepping up their purchases, and more countries are interested in food stockpiling due to political tensions in a number countries.

Export-import turnover up 123 billion USD in 2021
Export-import turnover hit 668.5 billion USD in 2021, up 123 billion USD compared to the previous year and posting the highest growth ever.
Vietnam’s export turnover projected to hit 535 billion USD by 2030
Vietnam’s export turnover is projected to record an annual average growth of 7 percent per year, hitting 535 billion USD by 2030, according to a new research by Standard Chartered issued on November 30.
Bac Giang: Export turnover in 2021 up 32.2 percent against last year
(BGO) – The export turnover in Bac Giang province is expected to hit 14.8 billion USD, representing 32.2 percent year on year increase and accounting for 100 percent of the plan, reported the provincial Department of Industry and Trade.
Export turnover hits 11.5 billion USD, helping Bac Giang enter top leading provinces nationwide
(BGO) – The export turnover in Bac Giang province hit about 1.5 billion USD in October, up over two times comparing to the figure in May and June when the province was the Covid hot spot in the country and 11.5 billion USD in ten months, representing 102.7 percent against 2020 value, reported the provincial Department of Industry and Trade (DoIT)
Vietnam's import-export turnover up 24% in nine months
Vietnam’s trade turnover in the first nine months of this year reached US$483.17 billion, a year-on-year increase of 24.4%, according to the General Statistics Office.

Source: NDO/VNA

Bình luận mới vừa được thêm vào. Click để xem
Mới nhấtHay nhấtXếp theo: